In 2023, the Port of Rotterdam witnessed significant investment decisions aimed at enhancing sustainability across its operations and the broader logistics chain. Despite challenges stemming from geopolitical unrest, low economic growth, and high inflation, the Port Authority remained financially stable, paving the way for continued investments towards a resilient future.

Total cargo throughput for the year amounted to 438.8 million tonnes, marking a 6.1 percent decrease from 2022 figures. This decline was primarily attributed to decreases in coal throughput, containers, and other dry bulk, while segments like agribulk, iron ore and scrap, and LNG experienced growth.

Boudewijn Siemons, CEO of the Port of Rotterdam Authority, highlighted the year’s progress amidst global uncertainties. Major investment decisions were made, including the finalisation of the Porthos CO2 transport and storage project and the initiation of construction on the national hydrogen network. These initiatives underscore the port’s commitment to sustainability and its role in achieving Dutch climate goals.

Financially, the Port Authority reported a 1.9 percent increase in revenue to €841.5 million, driven by contract revenue from land leases and port dues. Despite a 5.6 percent decrease in net result, attributed to one-off items and higher interest expenses, the port maintained robust investment levels, allocating €295.4 million towards infrastructure development.

Key developments in container operations included investment decisions for terminal expansions by APMT and RWG, the launch of the Container Exchange Route, and the operationalization of Nextlogic, aimed at streamlining inland container vessel handling.

Liquid bulk throughput witnessed a 3.4 percent decline, with notable changes in crude oil, mineral oil products, and LNG segments. Container throughput experienced a 6.8 percent decrease, primarily driven by geopolitical and economic factors impacting global trade patterns.

Looking ahead to 2024, the Port of Rotterdam anticipates further progress, with plans for the Porthos project construction, hydrogen plant investments, and shore power facility expansion. Amidst geopolitical uncertainties, the port remains steadfast in its commitment to sustainability and economic resilience, positioning itself as a key player in international trade and climate action.

For more information visit www.portofrotterdam.com